Fund Evaluator:
ProFunds Technology UltraSector Svc (TEPSX)
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Best Performing in Trading--Leveraged Equity Over the Last Year
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Fund Details
ProFunds Technology UltraSector Svc Overview
ProFunds Technology UltraSector Svc (TEPSX) is a passively managed Miscellaneous Trading--Leveraged Equity fund. ProFunds launched the fund in 2000.
The investment seeks daily investment results, before fees and expenses, that correspond to one and one-half times (1.5x) the daily performance of the S&P Technology Select Sector Index. The fund invests in financial instruments that the fund Advisors believes, in combination, should produce daily returns consistent with the Daily Target. The index is designed to measure the performance of information technology companies included in the S&P 500 Index. The fund is non-diversified.
About ProFunds Technology UltraSector Svc (TEPSX)
There are 2 members of the management team with an average tenure of 10.55 years: Michael Neches (2013), Tarak Davé (2018). Management tenure is more important for actively managed funds than passive index funds.
The fund has 2 primary benchmarks: S&P 500 (TR) (1970) index with a weighting of 100% and S&P Technology Select Sector TR USD index with a weighting of 150%. ProFunds Technology UltraSector Svc has 88 securities in its portfolio. The top 10 holdings constitute 141.8% of the fund’s assets. The fund meets the SEC requirement of being classified as a nondiversified fund. The fund is not considered to have an ESG focus with its investment selection and management.
ProFunds Technology UltraSector Svc is part of the Other global asset class and is within the Miscellaneous fund group. ProFunds Technology UltraSector Svc has 0.3% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 138.1%. There is 0.3% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 0.0% (0.0% domestic bond, 0.0% foreign bond and 0.0% convertible bond). ProFunds Technology UltraSector Svc has -38.3% of the portfolio in cash.
Assets Under Management
The fund has $5 million in total assets, which is below the $69 million average for the Trading--Leveraged Equity category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.
TEPSX Performance and Fees
The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The ProFunds Technology UltraSector Svc expense ratio is high compared to funds in the Trading--Leveraged Equity category. ProFunds Technology UltraSector Svc has an expense ratio of 2.53%, which is 25% higher than its category average, making the fund expense ratio grade a D. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.
High portfolio turnover can translate to higher expenses and lower aftertax returns. ProFunds Technology UltraSector Svc has a portfolio turnover rate of 111%, indicating that holds its assets around 0.0 years. By way of comparison, the average portfolio turnover is 398% for the Trading--Leveraged Equity category.
Recently, in the month of July 2026, ProFunds Technology UltraSector Svc returned -12.5%, which earned it a grade of F, as the Trading--Leveraged Equity category had an average return of -2.7%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all funds in that category.
ProFunds Technology UltraSector Svc has a trailing yield of 0.00%, which is below the 1.00% category average. The fund normally distributes its income annually and its capital gains annually.
It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.
ProFunds Technology UltraSector Svc Grades
Year to date, the fund has returned 28.7%, 11.6 percentage points better than the category, which translates into a grade of B. The fund has returned 44.8% over the past year (grade of B), 31.3% over the past three years (grade of A) and 17.2% per year over the past five years (grade of A) and 28.7% per year over the past 10 years (grade of A).
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TEPSX Trailing NAV Total Returns Data as of 7/31/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| TEPSX Return (NAV) | -12.5% | 12.8% | 44.8% | 31.3% | 17.2% | 28.7% |
| TEPSX Grade | F | A | B | A | A | A |
| +/- Category | -9.8% | 9.9% | 5.5% | 10.2% | 7.4% | 14.7% |
| Trading--Leveraged Equity Avg | -2.7% | 2.9% | 39.4% | 21.1% | 9.8% | 14.0% |
| TEPSX Tax Cost Ratio | na | na | 1.5% | 1.9% | 1.7% | 1.2% |
TEPSX Annual NAV Total ReturnsData as of 7/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| TEPSX Return (NAV) | 28.7% | 28.6% | 24.3% | 89.9% | -51.5% | 53.7% | 62.9% | 69.6% | -6.8% | 54.3% | 16.8% |
| TEPSX Grade | B | B | B | A | F | A | A | A | A | B | C |
| +/- Category | 11.6% | -2.6% | 5.7% | 54.0% | -22.6% | 26.8% | 39.5% | 25.6% | 10.8% | 16.7% | -2.5% |
| Trading--Leveraged Equity Avg | 17.1% | 31.2% | 18.6% | 36.0% | -28.9% | 26.9% | 23.4% | 44.0% | -17.6% | 37.7% | 19.3% |
| Risk Measures | |
| Standard Deviation: | 35.7% |
| Total Risk Index: | 2.91 - High |
| Category Risk Index: | 1.15 - Above Average |
| Category Risk Grade: | D (73% Rank) |
| Beta: | 2.32 |
| R-Squared: | 72% |
| Leveraged Fund: | Yes |
| Inverse Fund: | No |
| Portfolio Characteristics | |
| Equity Investment Style: | Large-Cap Growth |
| Bond Investment Style: | na |
| Yield: | 0.0% |
| Dividend Distribution: | Annually |
| Cap Gains Distribution: | Annually |
| Total Assets: | $110 Mil |
| Fund Total Assets: | $ 6 Mil |
| Share Class Type: | S |
| Portfolio Turnover: | 111% |
Management Team
| Number of Managers: 2 | |||
| Longest Tenure: 12.8 years | |||
| Average Tenure: 10.6 years | |||
| Managers (Year): Neches Michael (2013), Davé Tarak (2018) | |||
Portfolio Composition (as of 4/30/26)
| # of Holdings: | 88 |
| % in Top 10 Holdings: | 141.8% |
| Fund is Non-Diversified: | Yes |
| % in Foreign Issues: | 0.3% |
Portfolio Allocation |
|
| Domestic Stock: | 138.1% |
| Foreign Stock: | 0.3% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 0.0% |
| Foreign Bond: | 0.0% |
| Convertible Bond: | 0.0% |
| Other: | -0.2% |
| Cash: | -38.3% |
Purchase Information
| Fund Family: | ProFunds |
| Phone Number: | 888-776-3637 |
| Website: | www.profunds.com |
| Status: | Open |
| Inception Date: | June 19, 2000 |
| Min. Initial Purchase: | $15,000 |
| Min. Initial IRA Purchase: | $ 0 |
| True No-Load: | No |
| Front Load Maximum: | 0.00% |
| Deferred Charge Maximum: | 0.00% |
| Redemption Charge Maximum: | 0.00% |
| 12b-1 Fee: | 1.00% |
Expenses and Fees | |
| Expense Ratio (%): | 2.53% ( Rating : High ) |
| Category Average Expense Ratio (%): | 2.03% |
| Share Class: | ProFunds Technology UltraSector Inv |
| Min. Subsequent Purchase: | $ 0 |
| Min. Subsequent IRA Purchase: | $ 0 |
